Bonk-USD reversed some of its losses from earlier in the week, Rising 4.6% to $0.00001394 In a bullish movement that extended the recovery of the meme token. The Solana-based asset built solid momentum, marking a breakout above $0.00001380 and printing a new local high near $0.000013968.
The 24-hour trading range was tight between $0.00001281 and $0.00001410, reflecting controlled volatility as the price moved higher through consecutive higher lows, according to Coindesk Research’s technical analysis data model.
Volume jumped 67% above the 24-hour average, reaching 1.15 trillion tokens, proving strong participation behind the move.
Market sentiment is showing signs of shifting towards cautious optimization, with traders looking at $0.00001400-$0.00001410 as the next resistance band to overcome. The price action remains supported by a defined rising structure, boosted by firm buying interest at $0.00001375-$0.00001380, where the breakout began.
If Bonk maintains momentum above the recent breakout zone, it may target higher levels in the short term. However, a prolonged close below $0.00001380 risks reproducing the range behavior. With both volatility and volume expanding, the Bonk setup continued to the upside as speculative interest returned to the meme coin segment heading into November.
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